Cathie Wood: The Trump administration will promote growth and innovation in cryptocurrencies such as blockchain and DeFi

Odaily Planet Daily Report: Cathie Wood, the founder of ARK Invest, shared her bold predictions about the US economy and the cryptocurrency market, forecasting a significant surge in the cryptocurrency market after former President Trump's return to the White House. In a recent video, she emphasized that the Trump administration's restructuring of the US SEC could have a transformative impact on the country's innovation. Under the leadership of Chairman Gary Gensler, the agency has been a barrier in the digital asset space, forcing key talent to move overseas. Wood stated that changes in the leadership of the SEC and FTC could usher in an era of technological growth in the US. In other words, she implied that regulatory adjustments could benefit the cryptocurrency market, DeFi, and other related areas. Wood also mentioned that deregulatory measures may include reducing the influence of the US SEC and encouraging technological development, which she believes will boost the economy. Additionally, tax cuts, government spending cuts, and a focus on technology-driven innovation can collectively "propel" the US economy, creating an environment conducive to the growth of industries such as energy storage, artificial intelligence, and blockchain. She drew a comparison between this potential surge and the thriving stock market investment period of the 1980s and 1990s. She predicts that if Trump's proposed policies are implemented, the economy's productivity will experience a similar "golden age." Wood believes that this atmosphere will not only benefit cryptocurrencies but also promote overall economic prosperity. Like many industry professionals, Wood is optimistic about Trump's support for digital assets, particularly Bitcoin. At the same time, she still believes that the new administration will foster the growth and innovation of blockchain, DeFi, and other cryptocurrency sectors, and predicts a "productivity explosion" in various innovative platforms, including autonomous driving, digital healthcare, and advanced manufacturing.